Gold bond turns Rs 1L investment into Rs 3.23L
The Reserve Bank of India has announced that investors in the SGB 2021-22 Series V can prematurely redeem their bonds starting August 17, 2026. This SGB tranche can be cashed in after five years from the issue date, as per the RBI's statement.
The premature redemption price for the SGB 2021-22 Series V is set at Rs 15,295 per unit, which is based on the average closing price of 999-purity gold from the India Bullion and Jewellers Association (IBJA) for the three business days leading up to the redemption date (August 12, 13, and 14, 2026).
The SGB 2021-22 Series V was initially issued at Rs 4,740 per gram of gold. An investment of Rs 1 lakh in this series would now be worth approximately Rs 3.23 lakh, excluding interest earned on the principal. This represents an absolute return of nearly 223%, which is a significant gain over the initial investment.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
